Have the Right Insurance Plan?

There are six different types of homeowners insurance. In order to determine what coverage you have, you will need to consult your insurance provider.

1. Dwelling Coverage - Pays if your house is damaged or destroyed by something your policy covers

2. Personal Property Coverage - Pays if your furniture, clothing, and other things you own are stolen, damaged, or destroyed

3. Other Structures Coverage - Pays to repair structures on your property that aren't attached to your home, this includes, garages, storage sheds, and fences

4. Loss of Use Coverage - Pays your additional living expenses if you have to move while your home is being repaired, these could include rent, food, and other costs you wouldn't have if you were still in your home

5. Personal Liability Coverage - pays medical bills, lost wages and other costs for people you're legally responsible for injuring, it also pays for damaging someone elses property or court costs if you're sued because of an accident

6. Medical Payments Coverage - pays the medical bills of all people hurt on your property, it also pays for some injuries when you're away from home - if your dog bites someone

Ref: https://www.tdi.texas.gov/pubs/consumer/cb025.html

Roofing Maintenance Tips

Regular inspections of your roof should be done in order to ensure that there is no damage that could potentially lead to further issues. Champion will come do an inspection of your roof absolutely free. We will take pictures for you of anything that could be a problem or any signs of damage.

Here are a few things you can do to ensure your roof has a long life:

1. Have your roof inspected annually, Champion professionals are standing by

2. Ensure trees around your home are trimmed regularly

3. Clean away leaves, debris, and gutters, anything that could collect moisture

4. After a bad storm, do a visual inspection of your roof and surroundings from the ground

5. Regularly look at the color of your roof, it could indicate mold or missing granules which could be sings of aging and moisture

Are You Prepared to Navigate Insurance Claims?

You may find yourself wondering, will my insurance company cover a total roof replacement after storm or age damage. Champion is here to help you with the process from start to finish. Give us a call today to assess the damage and give you our expert advice!

All insurance providers are different, to ensure you are covered, we recommend calling the insurance company first to verify. This may depend on a few factors:

• What type of policy you have and the amount of coverage selected

• The type of roof damage you have and when it happened

• The age of your roof

Ref: https://www.tdi.texas.gov/takefive/replacing-your-roof.html

First:

You will need to call and provide details to your insurance provider such as: what happened to cause damage, when did it happen, and any other factors they consider when filing a claim for you.

Second:

They will send out an adjuster who will do a full inspection of your property. The amount of time it takes to send out an inspector will depend on how busy they are. It may be a good idea to reach out to us at this time to inspect the roof. We can help to identify if there is any work that needs to be repaired now.

Third:

Once the insurance inspector or adjuster has performed the inspection of the property, they will provide their findings to the insurance agent who will determine if they will pay for a repair or a replacement of the roof. Depending on your policy and age of the roof even if they do end up replacing the roof, you may not get the full amount required.

Ref: https://www.tdi.texas.gov/takefive/working-with-adjuster.html

Recoverable Depreciation:

Recoverable Depreciation is the term that some insurance companies use to cover the depreciated value of your roof. This means that if your roof is old and considered to be depreciated in value, the insurance company may not pay for the difference in cost to replace vs value.

Recoverable Depreciation may be part of your insurance plan in which they will pay you for the difference.

Finally:

Once your insurance company gets the assessment, they will send you a check for the repairs. After the work is completed, they may release the additional recoverable depreciation check for the difference.

Ref: https://www.tdi.texas.gov/takefive/home-insurance-policies-replacement-cost-or-actual-cash-value.html